Data / Bank failures / 1985 / First Enterprise Bank
First Enterprise Bank, Oakland, CA: failed April 26, 1985
First Enterprise Bank in Oakland, California, failed on April 26, 1985. It held $43.8 million in assets and $43 million in deposits at its last report. By assets it was the 71st largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- April 26, 1985
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $43,809,000
- Total deposits
- $43,013,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 20708
Other bank failures in California, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Delta Pacific Bank | Pittsburg | October 30, 1987 | $17.7 million | $17 million | $1.3 million | Central Bank |
| First California Savings Bank | San Fernando | October 15, 1987 | $220.6 million | $224 million | ||
| Valley State Bank | Los Angeles | September 28, 1987 | $93.2 million | $92 million | $2.2 million | Capital Bank of Californ |
| Commonwealth Bank | Torrance | September 25, 1987 | $85.1 million | $83.8 million | $16.7 million | Capital Bank of Californ |
| Empire National Bank | Los Angeles | July 30, 1987 | $8.8 million | $9.6 million | $3.1 million | |
| Bank of Los Gatos, N.A. | Los Gatos | July 23, 1987 | $13.1 million | $12.9 million | $1.3 million | Bank of the West |
| Whittier Thrift & Loan | Whittier | June 12, 1987 | $15.2 million | $14.4 million | $3.3 million | Liberty THRIFT&LOAN |
| Tahoe S&LA (assistance) | South Lake Tahoe | April 3, 1987 | $81.2 million | $90.8 million | $41.7 million | First Network Savings Bank |
All bank failures in 1985 · All bank failures in California · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.